Nam Cheong   

Nam Cheong

running again..

gd luck dyodd..

 

buy on dip..

fundamentals still strong.. price weakness is an opportunity to enter..

gd luck dyodd..

 

http://singaporetrader.wordpress.com/2012/06/21/nam-cheong-ltd-secures-loi-from-bumi-armada-for-4-built-to-order-vessels/

 

Shares of Singapore-listed Malaysian offshore vessel builder Nam Cheong Ltd surged as much as 13.7 percent to a seven-week high after it said it was awarded a letter of intent for projects worth $130 million.

By 0134 GMT, Nam Cheong shares were 10.7 percent higher at S$0.186. Around 9.8 million shares changed hands, 5.7 times its average daily volume over the last five sessions.

The letter of intent was to build four multi-purpose platform supply vessels, which will bring Nam Cheong's order book to 874 million ringgit ($276.98 million), surpassing last year's order book of 638 million ringgit, said AmFraser Securities.

" Nam Cheong is one of our top picks in the offshore and marine sector, with exposure to Malaysia's booming oil & gas scene," said AmFraser in a note.

The brokerage has a buy rating on Nam Cheong, with a target price of S$0.28.

ozone2002      ( Date: 21-Jun-2012 09:48) Posted: analysed this counter myself.. i give it a seal of approval.. very gd balance sheet and returns.. dyodd gd luck

 

analysed this counter myself..

i give it a seal of approval.. very gd balance sheet and returns..

dyodd gd luck

 

this stock to break 20cents again....looking cheap on PE

 

Analyst calling for a strong buy on this counter on the strength of  huge order book. Target price $0.35.

 

Any news on this counter guys, seems to me it is gaining volume and price.....

Cheers.